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Industry News from Energy Services

  • February 12th, 2025

EU Gas Rally Unjustified But May Last Through Winter, BNP Says

Supply fears stoking the recent rally in European natural gas prices are unjustified, but the sentiment is so strong that it’s unlikely to ease before the cold season ends, according to BNP Paribas SA. ›

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  • February 11th, 2025

Oil Extends Advance as Lower Russia Flows Offset Trump’s Tariffs

Oil extended the biggest gain in almost four weeks as tighter Russian crude supply overshadowed concerns over the fallout from President Donald Trump’s expanding tariffs. ›

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  • February 10th, 2025

Oil Advances After Weekly Drop as Market Weighs Trump’s Tariffs

Oil rose after a string of weekly declines as the market weighed the fallout from President Donald Trump’s ongoing tariffs. ›

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  • February 10th, 2025

European Gas Prices Hit Two-Year High as Supply Fears Intensify

European natural gas prices rose to a two-year high as colder temperatures accelerate the depletion of the region’s storage facilities. ›

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  • February 7th, 2025

Oil Set for Weekly Drop as Trump Tariffs Outweigh Iran Sanctions

Oil headed for a third weekly decline as worries that President Donald Trump’s tariffs on China will sap demand outweighed the new US administration’s first round of sanctions against Iran. ›

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  • February 6th, 2025

Oil Holds Near Lowest This Year as Trump Weighs on Sentiment

Oil steadied near the lowest this year as US President Donald Trump’s geopolitical positions and threats of tariffs on energy weighed on the outlook. ›

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  • February 5th, 2025

Oil slides amid rising US crude inventories, Sino-US tariff war

Oil prices declined on Wednesday as rising stockpiles in the U.S. and market worries about a new Sino-U.S. trade war offset President Donald Trump’s renewed push to eliminate Iranian crude exports. ›

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  • February 4th, 2025

Europe Gas Prices Fall After China Hits Back Against US Tariffs

European natural gas prices snapped a five-session rally after China hit back at US tariffs with its own levies on a range of commodities — including LNG — possibly leaving more fuel available for European buyers. ›

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  • February 4th, 2025

U.S. crude prices down nearly 2% as tariffs on China take effect

U.S. crude prices fell by nearly 2% on Tuesday as U.S. tariffs on China took effect, though President Donald Trump paused for a month a decision on steep levies on neighbours Canada and Mexico. ›

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  • February 3rd, 2025

Oil prices climb after US tariffs spark supply disruption fears

Oil prices jumped on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of crude supply disruption from the two biggest suppliers to the U.S., but the prospect of lower fuel demand capped gains. ›

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